Crypto Currency trading without knowledge - page 2.

abel1337

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Quote from: LUCKMCFLY on March 05, 2023, 09:42:05 AM

If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

I also have the experience of being on that situation like they treat trading as a way to produce easy money. The one who lose money on trading will understand how hard it is to do trades without proper knowledge on what they are doing. This is why I don't give advise to people in real life who want to do trading unless I know that they have started their way on doing trades and somehow managing to get some profits. Doing blind trades is just like doing gamble and to be honest for me it is much worth it the experience of just gambling rather than doing blind trades.

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If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.

What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.

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Quote from: Finestream on February 23, 2023, 03:56:25 PM

Quote from: cabron on February 03, 2023, 01:13:13 PM

Well, you gotta start trading to gain knowledge as well. After a few readings, you gotta take action and be on the game already, you can't just keep reading. A little bit of knowledge like once you have set up your tradingview with a minimum of 3 indicators, would be enough as a basis for your trading decision.

You gain knowledge as you lose and win along your journey to trading crypto.

Gaining knowledge won’t be enough, you should also have to experience some trading activities so that your skills will be honed and improve. It’s okay to commit losses since you are still starting, but creating consistent losses is never helpful at all. That’s why if you can improve your knowledge and skills in trading, that would make your trades high chances to be successful. Otherwise, don’t trade if you are not ready.

Gaining knowledge about how the markets work is indispensable, but it is correct to say that is not enough, as it is impossible to know beforehand how you are going to react to the movements of the markets.

It is easy to imagine that when confronting a negative movement in the market newbie traders will be unaffected by it and they will take the right decision under those circumstances, but chances are that this will not be the case and instead newbie traders will panic and make costly mistakes during this critical juncture.

Finestream

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Quote from: cabron on February 03, 2023, 01:13:13 PM

Well, you gotta start trading to gain knowledge as well. After a few readings, you gotta take action and be on the game already, you can't just keep reading. A little bit of knowledge like once you have set up your tradingview with a minimum of 3 indicators, would be enough as a basis for your trading decision.

You gain knowledge as you lose and win along your journey to trading crypto.

Gaining knowledge won’t be enough, you should also have to experience some trading activities so that your skills will be honed and improve. It’s okay to commit losses since you are still starting, but creating consistent losses is never helpful at all. That’s why if you can improve your knowledge and skills in trading, that would make your trades high chances to be successful. Otherwise, don’t trade if you are not ready.

Vaculin

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Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading is never easy and is always complicated, so one should trade only when he is completely ready and has gained knowledge enough to start a small trade. Otherwise, if someone will only trade because he’s convinced that trading can make him rich quickly, that is a lie and he would have to endure a lot of losses first before he will be making huge amount of profits. Survival is also the case here, as you won’t survive losing your trade if you trade without knowledge and experience.

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Quote from: Bushdark on February 21, 2023, 04:38:46 PM

Quote from: Distinctin on February 17, 2023, 03:28:00 PM

Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

It will be very bad of for us to go into trading without have the required skills to start trading. Trading is not like gambling where we can keep getting free scores or joining a group where we can always get games to bet on without having any difficulties or know more about what we are betting. Trading is very different from that and we must learn before we think of entering into trading.

Many persons keep losing there money in trading because they lack know and we know that the lack of knowledge can be very detrimental to ourselves affecting our funds and mentality at the end.

Would really be just that right if we do really touch up things which we do need to learn up even with the basics and the rest would really be depending on your actual experience and dealing up with things on which

this is where you do learn even more with actual engagement.Trading is never been that simple and it would really be consuming lots of time and effort because if not then you cant really make out on having a
progress of learning.It is really that needed for you to deal up with something which you are aware on what are the risk imposed ahead.You cant just dive in without any preparations.
This is why it is really that common sense that you should really be that at least preparing yourself before proceeding.

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Quote from: Distinctin on February 17, 2023, 03:28:00 PM

Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

It will be very bad of for us to go into trading without have the required skills to start trading. Trading is not like gambling where we can keep getting free scores or joining a group where we can always get games to bet on without having any difficulties or know more about what we are betting. Trading is very different from that and we must learn before we think of entering into trading.

Many persons keep losing there money in trading because they lack know and we know that the lack of knowledge can be very detrimental to ourselves affecting our funds and mentality at the end.

Fatunad

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Quote from: Yamifoud on February 20, 2023, 03:43:10 AM

Quote from: Rengga Jati on February 17, 2023, 03:55:14 PM

That is why whoever we are, knowledge is one of the keys that must be owned. knowledge as the basis of everything for us to do something, moreover to do a certain high-risk activity.

And no way we can survive trading if we don't have any idea about what we are doing. Because trading is not gambling where we just need luck but this really needs knowledge and skills. Yes, trading is risky so we don't think it was an easy job for us but serious stuff that literally needs knowledge in order to earn a profit and succeed. Otherwise, we stop thinking about winning cause is it absolutely impossible in the case that OP had.

Knowledge is always an edge on whatever things that you are dealing with, you cant just dive in without any proper preparation because it would really be resulting
into a total disaster if you arent really that mindful towards your actins.We do consider this market to be very volatile and unpredictable and there's no way that someone could easily
deal off with without any hiccups or hassles or tough challenges. Lots have tried but only a few could able to withstand this market volatility which is something
that you really must able to sustain no matter what.

AnonBitCoiner

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yes you are right there is no guarantee about the trading outcomes so for occupying better place in cryptocurrency trading users must adopt some planning and precautions for the huge return. There are large number of individuals who are involved in cryptocurrency trading, at the beginning there will be sometime losses and sometimes win win situation but you cannot do itself but it is about market situation that what comes after your investment.

A person should must have engage with social media for the further details and knowledge about price of the tokens because if you have knowledge about the market so you will takes the decision easily without any hesitation but you should must know that what should do when price is low and what type of decision should make when price goes pump.

Yamifoud

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Quote from: Rengga Jati on February 17, 2023, 03:55:14 PM

That is why whoever we are, knowledge is one of the keys that must be owned. knowledge as the basis of everything for us to do something, moreover to do a certain high-risk activity.

And no way we can survive trading if we don't have any idea about what we are doing. Because trading is not gambling where we just need luck but this really needs knowledge and skills. Yes, trading is risky so we don't think it was an easy job for us but serious stuff that literally needs knowledge in order to earn a profit and succeed. Otherwise, we stop thinking about winning cause is it absolutely impossible in the case that OP had.

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Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Trading cryptocurrencies without any knowledge of the market or the underlying technology can be risky and may lead to significant losses. Cryptocurrency markets can be volatile and can change rapidly, making it important to have a solid understanding of how they work before investing your money.

Let me say I was a contradict on this very issue as I basically made my first $2000 dollars trading synthetic indices without any primary knowledge from anywhere and I traded with a $100 account and maybe I guess it was my luck or season as I made this figure within jus 48 hours.

It is always advisable that no matter how much you might assume you know of trading, there are still alot to learn as the phrase "Learning never ends" is obviously significant with trading as there are always something new to learn.

I basically don't advice people to use a trading bot and an alternative to this is getting someone helping professionally to trade for you, giving you some commission or percentage from each trade and this is a very nice and preferable alternative to using a trading bot as there is a more guaranty to this over trading bots.

In general, one should watch more of tutorials online and try as much as possible to attend more of seminars and just try to always stay two steps ahead of the market

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Quote from: Cling18 on February 19, 2023, 09:38:53 AM

Quote from: AmoreJaz on February 17, 2023, 03:44:13 PM

Quote from: Distinctin on February 17, 2023, 03:28:00 PM

Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

it is not an overnight experience to gain knowledge about trading. patience, resources, diligence are important in attaining success with this activity. that's true, some are seeing this path to get rich but there's a lot to know before anyone can be successful in this endeavour. those tricks can be acquired throughout the years of being actively trading in the market. you can't gain such tricks in one go.

Lucky is the new traders because they could already find a lot of resources online unlike when crypto trading was in its early phase, people have done manual research to learn it. These days, we only have to be eager and patient since learning about trading will take a lot of time. We have to have the willingness study not just about the basics but also the complex strategies that we can apply in actual trading. We need to engage emotionally so we'll be able to adapt to all the challenges that we might face in trading.

This is what it makes the internet so incredible, not that long ago if you wanted to find the information you wanted you needed to do this process yourself and look for the books that most likely contained this information, thanks to the internet and search engines you can find information that in the past may have taken you months in seconds, so anyone that is serious about learning how to trade can begin to do it almost immediately and waste no time on this step.

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Quote from: AmoreJaz on February 17, 2023, 03:44:13 PM

Quote from: Distinctin on February 17, 2023, 03:28:00 PM

Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

it is not an overnight experience to gain knowledge about trading. patience, resources, diligence are important in attaining success with this activity. that's true, some are seeing this path to get rich but there's a lot to know before anyone can be successful in this endeavour. those tricks can be acquired throughout the years of being actively trading in the market. you can't gain such tricks in one go.

Lucky is the new traders because they could already find a lot of resources online unlike when crypto trading was in its early phase, people have done manual research to learn it. These days, we only have to be eager and patient since learning about trading will take a lot of time. We have to have the willingness study not just about the basics but also the complex strategies that we can apply in actual trading. We need to engage emotionally so we'll be able to adapt to all the challenges that we might face in trading.

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Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Trading cryptocurrencies without any knowledge of the market or the underlying technology can be risky and may lead to significant losses. Cryptocurrency markets can be volatile and can change rapidly, making it important to have a solid understanding of how they work before investing your money.

This is not only applicable to cryptocurrency, in other sphies of endeavours if you don't understand what you are investing in, losses are inevitable. I always advise newbies to invest in learning before you talk of earning. You need to learn and understand how to earn before you will be successful. Learning is earning.
Cryptocurrency is a risky investment and should be treated with care. It is only when one doesn't know the nature of where they are investing that they will tend to lose out especially without knowledge.

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Quote from: Researchoo on February 03, 2023, 12:19:34 AM

Trading cryptocurrencies without any knowledge of the market or the underlying technology can be risky and may lead to significant losses. Cryptocurrency markets can be volatile and can change rapidly, making it important to have a solid understanding of how they work before investing your money.

It is not only "can be risky", but yes, it is a high risk if we are trading without any knowledge. and this tends to be careless activity. Imagine that we know nothing about crypto trading which is very risky, but we are trying to get in it. What will happen?
There may be two possibilities:
1. They will want nd get profits, not because of their capability but more of luck, like gambling without any skill, so this will not happen several times, only because they are lucky much more.
2. they will exactly lose trading and lose their money because of trading, moreover, they are doing Future trading, if their money is liquidated and they got a huge loss, it means that they will lose money without any good strategy and ways to avoid it.

That is why whoever we are, knowledge is one of the keys that must be owned. knowledge as the basis of everything for us to do something, moreover to do a certain high-risk activity.

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Quote from: Distinctin on February 17, 2023, 03:28:00 PM

Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

it is not an overnight experience to gain knowledge about trading. patience, resources, diligence are important in attaining success with this activity. that's true, some are seeing this path to get rich but there's a lot to know before anyone can be successful in this endeavour. those tricks can be acquired throughout the years of being actively trading in the market. you can't gain such tricks in one go.

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Quote from: Taskford on February 15, 2023, 07:23:32 AM

Don't trade if you don't have knowledge about trading since market is so risky and its not all about buy low sell high. To many technicalities need to consider that's why many newbies lose because they think trading is just an easy scheme for them.

Newbie need to realize that trading is not for all so they need to spend time researching all necessary details they need so that they can get an advantage to win whatever the market condition we are facing these days.

Trading has its process and the first and foremost is to gain sufficient knowledge and understand the real concept of trading. Skills eventually are honed by experience. So if you aim for a successful and profitable trading experience, then avoid trading if you see yourself not totally prepared for it. Otherwise, if you only do trading because of your greed for money, you will not end trading the way you expect it to be.

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Thisjisnnot just all about trading the cryptocurrency market but having idea when we want to trade. Trading is not something we just assume to learn in one day or over a particular period of time. Trading is a life time career and when you start and you started making the money you won't want to stop again because you have found a true system you can analyse to generate money for yourself.
Of you don't have an idea or you don't know how to trade, it is better tomlewen how to trade so you will have better understanding on how trading works than for you to enter the market blindly and lose all your money without prior knowledge.

Captain Corporate

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I did this back in the day. I wasn't really good at trading and ended up trading with the little knowledge about it that I had, and eventually that caused a little bit of a trouble for me. I know that it is not going to be as simple as "I just traded with no knowledge" because I did had some but not enough. Eventually we are talking about something that could be a little bit different in the long run. So all in all I am doing a bit better these days because I learned more about it, but I still can't really make any type of differences at all to my past, I can only control my future, and it looks a lot better than my past.

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Quote from: Questat on February 17, 2023, 05:12:53 AM

Of course, why not? But never think OP that you will able to get what you wanted to happen as I was sure that only LOSSES are what you get in the end.

Knowing at least the basic ideas about trading is enough, we can improve our knowledge and skill eventually through experience. Nobody had started being an expert because all of us had started from being a newbie with less experience and knowledge. But because we are able to learn more that is why we are talking risk and still continue despite the losses we have.

Trading knowledge is like a lifeboat or a lifeline for sailing in the oceans and seas with high waves, so how can one survive drowning without knowledge? It is extremely necessary, as a lack of knowledge may eventually lead to losing his capital and leaving the market with a low head. Therefore, if every beginner trader wants to take a chance and make a successful trades, he must gain knowledge, educate himself, and learn in order to reduce his loss rate. I recommend learning by doing through one of the platforms that offer demo accounts, and with time he can be ready to start the trading journey to achieve profits, but at the beginning, he must develop his knowledge, as there are many sources on the Internet, so why not spend time learning instead of trading with ignorance.

Topic: Crypto Currency trading without knowledge - page 2. (Read 684 times)